SP is up 3 fold in 9 months.... It is the right time for a...

SP is up 3 fold in 9 months.... It is the right time for a placement... What's fair value? Bloody hard to gauge off future earnings estimates - who's to say $1.60 isn't a fantastic price retrospectively, who's to say it's not....

Time will tell, but how people can think they are getting shafted is beyond me. This company has delivered exceptional growth and capital return - now striking while the iron is hot... Cashed up and ready for the next expansion...

Suppose I just hate the poor bugger 'us' attitude... The idea that we are getting shafted because SPP is below the closing price of the last 10 days... Keep in mind, there has been an absolute scramble to buy before ASX200/300 rebalance...

Where is it going to stablise - anyone's guess, maybe it'll be $1.40 and retrospectively we will look back on this and be glad we didn't get shafted.... Maybe not - but who cares, we now have $70M - and history tells us that the return on capital invested by NEA has been exceptional...